Casino Queen owners plan to purchase Fairmount Park, if Illinois lawmakers pass a gambling expansion at horse racing venues in the state.
They bring the site’s workforce to about 600. The casino had about 1,200 employees when it was moved onto land from a riverboat along the Mississippi River in 2007.
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State Rep. Robert Rita couldn’t get officials with Fairmount Park or Casino Queen to sign on for expanded gambling in Illinois.
The city of East St. Louis expects no change to its tax revenue from a deal announced this week at the Casino Queen.
Illinois Gaming Board approves the move.
The company entered into an Employee Stock Ownership plan. Under the plan, shareholders will sell their interest in the company for about $170 million.
William C. Lacy, 67, left his medication and cell phone at home when he went to the Casino Queen in East St. Louis and then boarded a westbound Metrolink train Wednesday.
The St. Louis man apparently had been shot in the head before his body was dumped in the Mississippi.
Used city funds to gamble